Key Takeaways
- Metaplanet acquired 1,112 BTC, bringing holdings to 10,000 BTC.
- The Japanese agency surpassed Coinbase International’s bitcoin holdings.
- Metaplanet issued $210 million in bonds to fund additional bitcoin purchases.
Japanese funding agency Metaplanet has acquired a further 1,112 bitcoin, bringing its whole holdings to 10,000 BTC and surpassing Coinbase International, which at present holds 9,267 BTC based on Bitbo.
The most recent buy, valued at $117.2 million with a median worth of $105,435 per bitcoin, was introduced by CEO Simon Gerovich on X. S
hares of Metaplanet surged over 17% following the information, buying and selling at 1,769 yen as of 11:30 a.m. in Japan.
The corporate’s inventory has now climbed greater than 408% for the reason that begin of the yr.
Bond issuance and future plans
Metaplanet’s board accepted the issuance of $210 million in zero-interest bonds to EVO Fund, maturing December 12, 2025.
The corporate acknowledged:
“The funds raised are scheduled to be allotted towards the acquisition of Bitcoin.”
Earlier this month, Metaplanet set a revised goal to carry over 210,000 BTC by the tip of 2027, aiming for 1% of the whole bitcoin provide.
To attain this, the corporate introduced a $5.4 billion fairness providing on June 6, meaning to subject 555 million shares over two years for additional bitcoin acquisitions. On June 2, Metaplanet acquired one other 1,088 BTC, pushing its holdings previous 8,888 BTC at the moment.
International context
Metaplanet’s aggressive accumulation locations it behind solely Technique, led by Michael Saylor, which stays the most important public holder with 582,000 BTC.
For a full listing of main private and non-private bitcoin treasuries, go to the Bitbo bitcoin treasuries database.